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Use the formula for continuous compounding to compute the balance in the account after 1, 5, and 20 years. Also, find the APY for the account. $16,00 deposit in an account with an APR of 4.75%. The balance in the account after 1 year is approximately. The Balance after 5yr Approx and 20 Year approx?
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Afurniture store is having a weekend sale and is offering a 20% discount on patio chairs and tables the sales tax on furniture is 6.25%
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Use the formula for continuous compounding to compute the balance in the account after 1, 5, and 20...
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